Airtel Africa and Mastercard have announced a strategic partnership to launch a new cross-border remittance service that will make it easier and more convenient for people to send and receive money across Africa. The service will be powered by Mastercard’s Cross-Border Services platform and will be available to Airtel subscribers in 14 African countries.
The new service will provide a number of benefits for customers, including:
- Seamless and secure transfers: The service will use Mastercard’s secure network to ensure that transfers are made quickly and securely.
- Competitive fees: The fees for using the service will be competitive, making it more affordable for people to send money to their loved ones.
- Ease of use: The service will be easy to use, even for people who are not familiar with digital payments.
- Access to a wider range of recipient wallets: The service will allow customers to send money to a wider range of recipient wallets, including bank accounts, mobile wallets, and cash pickup points.
The launch of this new service is a significant milestone in Airtel Africa’s mission to provide inclusive and transformative financial services to its customers. The service will help to improve financial inclusion in Africa by making it easier for people to send and receive money, regardless of their location or financial status.
What they said:
Ian Ferraro, Chief Executive Officer of Airtel Money, said: “We are deeply committed to transforming the lives of our customers through innovative and accessible financial solutions, and this partnership is a significant step towards that goal.”
Ngozi Megwa, Senior Vice President of Digital Partners and Enablers for Eastern Europe, Middle East, and Africa at Mastercard, said: “As a global technology company with a long history in Africa, Mastercard is committed to the continent’s growth and connecting its people to convenient digital solutions that will enable a more financially inclusive future for all.”
The launch of this new service is a major step forward for digital payments in Africa. It is a sign of the growing maturity of the African payments market and the commitment of leading players like Airtel Africa and Mastercard to providing innovative and affordable solutions to their customers.
This partnership is a win-win for everyone involved. Airtel Africa will be able to offer its customers a wider range of financial services, Mastercard will be able to expand its reach in Africa, and consumers will benefit from a more convenient and affordable way to send and receive money.
This is a significant development for the African financial services market and is likely to have a positive impact on the continent’s economic growth.